Banks Cannot Be Held Liable For Cyber Frauds Where The Fraud Occurred Due To Negligent Acts Of The Complainant: Goa State Commission

The ITAT set aside the order of the Commissioner of Income Tax (Appeals) for failing to provide a fair hearing, remanding the case for fresh adjudication. The taxpayer challenged the decision, arguing that the CIT(A) did not provide an adequate opportunity for presenting their case. The ITAT ruled that the right to a fair hearing is fundamental, and the case should be reconsidered, allowing the taxpayer to present their arguments. This decision underscores the importance of natural justice in tax matters, ensuring that taxpayers are given a fair chance to be heard before any adverse decision is made.